An apartment advertised as being in “one of Canberra’s most sought-after suburbs” has caught the interest of people — not only for its bargain price but a shocking disclaimer about the actual condition of the building it is situated in. 7NEWS
An apartment advertised as being in “one of Canberra’s most sought-after suburbs” has caught the interest of people — not only for its bargain price but a shocking disclaimer about the actual condition of the building it is situated in.
The two-bedroom apartment in the Oakmont Ridge complex in the inner southern suburb of Narrabundah offered 77 square metres of living space with sweeping balcony views. It is described as being near “some of Canberra’s best school zones” and “close to several town centres”.The starting price for the Leahy Close property is $250,000, which the agent listed on the property said was a bargain in the current housing market. The latest Domain quarterly report showed the average price for a unit in the country’s capital was $567,888.
Another user said they inspected the building when it was advertised for sale in 2022 and saw major areas of concern in the building’s carpark area. “Huge cracks throughout most of the columns and pillars. 4x large heavy-duty jacks at every single support column, and multiple in several other spots around the place,” they wrote on Reddit.Despite the issues, the advertisement said the apartment was being leased out for $480 per week.An apartment building in Canberra is being rented out for over $400 despite its structural issues.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This value investor thinks AGL is a bargainThe path to AGL Energy doing a share buyback is not so improbable if Merlon’s Neil Margolis is right about the future of its $20 billion transformation.
Read more »
Knights star facing long ban over 'unsavoury' hitHow many weeks will Jacob Saifiti get for this brutal hit? 😬 9WWOS NRL
Read more »
Simple to understand ‘banking one o one’ Silicon Valley Bank ‘got it wrong’Motley Fool Chief Investment Officer Scott Phillips says Silicon Valley Bank got the basics of banking one o one wrong. “It’s not Silicon Valley per se that caused this problem ... it’s just a fundamental miss management of the very simple treasury functions of a bank,” he told Sky News Australia. Mr Phillips said all those simple to understand “banking one o one SVB got it wrong”. “The regulators simply weren’t there, partly, maybe they didn’t do the right job, but almost certainly the regulations themselves weren't enough,” he said.
Read more »
One’s old china: set of plates fit for the Queen comes up for auctionThe unique service, commissioned by a French king and used only once by the British monarch in 1967, could fetch up to £442,000
Read more »
Australian Ethical divests from Lendlease fearing for one of the last healthy koala colonies in NSWA multi-billion-dollar investment fund has divested from Lendlease, accusing the property developer and the NSW government of not being transparent about a fast-tracked housing estate to be built in sensitive koala habitat.
Read more »